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From Stalled Growth to Agile Innovation: Unleash Retail’s True Potential with Data-Driven Modernization at the Edge

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From Stalled Growth to Agile Innovation: Unleash Retail’s True Potential with Data-Driven Modernization at the Edge

Danna Bethlehem Coronel
January 31, 2024 /
5min. read

In the fast-paced world of retail, every second counts. Yet, many retailers find themselves stuck in the mud, weighed down by outdated systems, siloed data, and a complex web of legacy infrastructure. This crippling technical debt acts as a brick wall, hindering innovation and preventing them from capitalizing on the booming e-commerce market. Consider this:

  • 9 of the top 10 ecommerce websites are run by retailers that also operate bricks-and-mortar stores
  • IT spending on retail is expected to grow at a 6.9% CAGR, to reach an estimated $262.6 billion by 2027

However, as detailed in this Mckinsey research note, “Retail executives should continually assess their investments in data and analytics to ensure that they are bringing new insights to the biggest business problems: what steps is the company taking to turn data into practical suggestions and actions to increase revenues, reduce costs, or free up capital?”

While the opportunity is undeniable, the challenge for retailers lies in bridging the gap between their existing systems and the agility needed to thrive in this super competitive landscape. This is where Smart DIH steps in as a knight in shining armor, transforming the retail battlefield into a playground of innovation.

Introducing Smart DIH: The Data Innovation Platform that Drives Agility at the Edge

Imagine a world where businesses can launch new offers across all channels – online, mobile, in-store – not in weeks, but in hours. Where data silos crumble, replaced by a unified pool of real-time information that empowers business teams to respond to dynamic market conditions by launching new offers across all retail channels in hours instead of weeks. A world in which customers get a super-fast  personalized omnichannel shopping experience whether they are online or in a store – on any device. This is the power of Smart DIH, an operational data hub that acts as the central nervous system, connecting fragmented backend systems and unleashing the true potential of data to drive innovation at the edge.

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Smart DIH acts as a centralized data innovation layer, reducing dependencies on backend systems:

  • Decoupling the Data: Smart DIH breaks free from the shackles of legacy systems. It consolidates data and business logic from multiple sources into a low-latency, scalable data layer. This decoupled architecture allows IT teams to respond swiftly to business needs by developing new data microservices and delivering them swiftly to edge applications without getting bogged down in complex integrations.
  • Edge Innovation: Forget waiting for months to launch a new offer. With Smart DIH, develop and deploy new offers at the edge, directly on top of this consolidated data layer with a low code interface. This means real-time insights, faster decision-making, and lightning-fast launches that keep businesses ahead of the curve.
  • Channel Harmony: No more disjointed experiences across different channels. Smart DIH ensures a consistent, omnichannel shopping experience for customers, regardless of how they choose to interact with the brand. Roll out new offers seamlessly across all channels, ensuring every touchpoint reflects the company’s brand identity and drives customer satisfaction.
  • Peak Performance, Built to Scale: Smart DIH is built for the future. Its scalable architecture can handle even the most intense shopping sprees, supporting millions of concurrent transactions and users without breaking a sweat. Prevent overload by reducing API calls to backend systems and ensure customers get a smooth, uninterrupted experience, even during peak hours and shopping days.

Smart DIH is a catalyst for change for retailers. It has the power to ignite innovation and propel business forward in the ever-evolving retail landscape. With Smart DIH, shed the shackles of technical debt and embrace the agility that meets business demands proactively.

Ready to step into the future of retail? Register to see a live demo on how Smart DIH can help transform your business, based on data-driven innovation at the edge. 

Tags:

high concurrency legacy modernization retail
Danna Bethlehem Coronel

Director of Product Marketing

With more than 10 years’ experience in product leadership roles, Danna Bethlehem currently leads product marketing for GigaSpaces, focusing on GTM for the company's data platform and data hub solutions. Prior to joining GigaSpaces, Danna headed product marketing for authentication and access management solutions in Thales where she contributed to the evolution of the company’s IAM solutions, from MFA, through cloud-based authentication and access management-as-a-service. Over the years, Danna has held product leadership positions in several Israeli startups ranging from financial services to cyber-security.

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